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1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing. 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. New York Times: Banking crisis imperils China 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010: Nouriel Roubini: Hard landing coming in China. 2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012: American Interest: Dismal Economic News from China: A Hard Landing 2013: Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2018. CNN: Forget the trade war, China's economy has other big problems 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? .... Yet it's already 2023 and China's economy is still going strong.
Captain planet use platinum to make pollution zero...All Indian politicians stores more gold and bad people stores more gold so gold price should fall even more..... world should turn to platinum standard no gold standard.. DECREASE GOLD PRICE AND BAN OR STOP IMPORTS AND EXPORTS GOLD..
"It's bad for the global economy." Translation: Multinational corporations that have been profiting off of the misery of average people are finding harder to make more money.
That data is for 15-24, that is the age for education not doing job, if the unemployment in that age range is increasing, it means more students are pursuing higher education, more students are not dropping out, more students are not looking for small paying jobs.
@@IamHandsome4uwouldn't people that are pursuing higher education considered in a seperate category or are considered employed as they have an occupation?
China's growth slowdown from high growth to normal growth was predictable and inevitable. In some ways is much healthier and better for the entire world.
Yeah. Structurally it was impossible for Chinese to pushing high growth often by stimulus to create Ghost cities. This Breaking point bw china and west was inevitable due to size of china. If china wud have kept going on as it is without any geopolitical harakiri like hong kong Taiwan 9 dash line etc West wud have dissolved their economy from within slowly and like japan, china wud have become dormant friend of US . Also the real eastate and ither Bubbles wud have kept on building though real benificiary wud have been the Big capitalists fo west taking back big returns onf high chinese growth . CCP knew this. Now they wanted to shift to Higher value chain which wud anyway put them in direct competition with West and US. So xinping had planned it all. Now we have to see can their companies generate same level of innovation as US. In legacy Tech Chinese have already bridged the gap. Also china won't become a big north Korea or USSR bcoz internet has broken boundaries. Chinese protect their cyber space from world but they allow their ppl to explore world cyber space .
Normal growth is what the government claiming, but people are not seeing in their everyday life. The government's number is being mocked by Chinese people online.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
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Chinese saw sudden foreign money and they forgot their roots ( culture, family value, affordable living, agriculture ) everyone started running rat race for money.
@@TruthTeller8888 India best achievements so far India's Hunger index 2013: 63rd rank 2022: 107th rank India's Happiness index. 2013: 111th rank 2022: 136th rank India's press freedom rank 2013:79th 2022: 150the the fourth pillar of worlds largest democracy is no more India's unemployment rate 2013:4.9% 2023:7.5% Unemployment rate never increase in growing economy.. india is growing only on paper and by loan India's Debt before 2014: ₹55 lakh crore 2023: ₹155 lakh crore India's GDP from 2004 to 2014: $709 billion to 2.04 trilion (almost triple) India's GDP from 2014to 2024: $2.04 trillion to 3.6 trilion (expected)...not even double
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
The Covid issue was our own fault and definitely Trump as well since he didn’t really do anything. But how do we fix housing issues? We should come up with some ideas and discuss
Inflation is from the retiring baby boomers and obviously over spending from our responsible government. They expect us to balance our checkbook but not there’s. Just giving money to countries that like us and more importantly hate us smh
you missed the salient point here .... The World has woken up to the Cheap and Poor Quality offered by China and is transferring its relationships to other nations !!! China's aggression in the Pacific and Indian Borders is doing immense damage to its reputation as a trustable "friend" !!!!! China is on Notice from the World & Taiwan is the Red Line !!
Sometimes, a slowdown is not meant to be a negative thing. Globally, overproduction is always an issue, and readjusting the whole supply chain pace may not be a bad thing.
True, though I think in China's case, their slowdown is a product of government mismanagement (both from things the CCP did in previous decades and more recently from Xi's micromanaging). Structural problems with their economy that need to be reformed and the fact that the government growth policy was based on faulty population metrics (which also ties into the slew of problems created by the One Child Policy). So the housing market, lagging productivity, a rapidly aging population, declining birth rates and an authoritarian government that doesn't always address each of those problems correctly all pile onto the problem. Economies and public policy issues correct themselves all the time, but the issue with China is that it's economy's command oriented aspects tend to operate counter-intuitively due to the CCP's goals occasionally being at odds with the practical realities.
The trouble is, Chinese government is not a democratically elected one. CCP's legitmacy is solely based on fear and economy. An economic meltdown, or even just slowdown, means a totally different thi
I used to travel to many Chinese factories. They would not let me enter an area where they were making products for a designer Italian company. I did not think anything of it until I stumbled on the packaging for the items. ALL packages said "Made in Italy". The factory representative saw me notice that and said that is supposed to be secret. The Italian companies' markup was huge...
@@soacespacestation8556 not very possible, they have no reason to make the boxes in Italy and spend lots of money sending them to China, freight and manufacturing cost in italy is high
@@soacespacestation8556 Many clothes, flags, and hats bearing slogans opposing China are actually made in China. The Chinese philosophy is: do as you please, as long as you pay me.
Thank you Bloomberg. I particularly appreciate that the original audio was not overridden by an “interpreter” which most people find annoying. Captions are way better. Thanks.
Xi took hostile attitude and actions toward private companies, Taiwan, and western world, this is what he bought to his own people in order to exercise full control over China and now China is not only in recession but on its way to 2nd culture revolution.
Worked with two Z's while simultaneously training them. Not exactly proactive and ready to take on the hard work. All they want are answers, not expending the effort to solve questions. We are in trouble if Z's work ethic is worldwide.
1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing. 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. New York Times: Banking crisis imperils China 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010: Nouriel Roubini: Hard landing coming in China. 2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012: American Interest: Dismal Economic News from China: A Hard Landing 2013: Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2018. CNN: Forget the trade war, China's economy has other big problems 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? .... Yet it's already 2023 and China's economy is still going strong.
@@nulnoh219 Economists who just talk are never right let alone you who are nothing... 😂 😂 😂 😂 😂 😂 😂 1990. The Economist. China's economy has come to a halt. 1996. The Economist. China's economy will face a hard landing. 1998. The Economist: China's economy entering a dangerous period of sluggish growth. 1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy. 2000. Chicago Tribune: China currency move nails hard landing risk coffin. 2001. Wilbanks, Smith & Thomas: A hard landing in China. 2002. Westchester University: China Anxiously Seeks a Soft Economic Landing 2003. New York Times: Banking crisis imperils China 2004. The Economist: The great fall of China? 2005. Nouriel Roubini: The Risk of a Hard Landing in China 2006. International Economy: Can China Achieve a Soft Landing? 2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing? 2008. Forbes: Hard Landing In China? 2009. Fortune: China's hard landing. China must find a way to recover. 2010: Nouriel Roubini: Hard landing coming in China. 2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think 2012: American Interest: Dismal Economic News from China: A Hard Landing 2013: Zero Hedge: A Hard Landing In China 2014. CNBC: A hard landing in China. 2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing. 2016. The Economist: Hard landing looms for China 2017. National Interest: Is China's Economy Going To Crash? 2018. CNN: Forget the trade war, China's economy has other big problems 2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis 2021. Global Economics: Has China's Downfall Started? .... Yet it's already 2023 and China's economy is still going strong.
Lots of headwinds. Population decline. Aging population. Complete collapse of housing which is almost the only personal savings of most people. Long time coming but it's over for China. Japan took 30 years to come out but China will take longer.
The words "Loss of consumer confidence" are the same words that hammered America 2006-2008 and beyond. In those days I drove up and down the consumer commercial strips (restaurants, home improvement stores, beauty shops etc) and the parking lots were near empty. All in a city that had not lost more than a handful of jobs from the primary cause of the downturn. Based on past consumer behavior, the Chinese Problem could easily roll its way into other industrial nations. Lack of confidence becomes the problem. Thank you for your reporting.
"I thought only those who make mistake will get fired". I hate this mentality because if you think about it it's implying if someone doesn't have a job or is in a bad situation then it's their fault. I'm all for personal responsability, it's important of course, but the hard truth is that life has many factors at play at any given moment, cogs and wheels that you don't even notice. Sometimes these "invisble" things play in your favor and sometimes they don't. Let's not be so quick to judge others, life is much more complex than it seems.
A kfc worker in the us make an average of 32177 dollars annually, which is equivalent of about 120000 cny in china. That being said, a average american kfc worker is more affluent than a average doctor in china, or 90% of that country's population. So instead of blaming outside environment, which american allways do, blaming sexism, rascim, socioeconomic disparity, society, blahblah for their own lazziness and incompetence, maybe it's better working yourself. Not saying everyone who failed are lazzy losers, but most of them are in the standard of chinese.
nope, I am just saying personal responsibility, as you suggested, is of the paramount importance, more so if one lives in a developed country where there are so many opportunities to live a decent life as long as he is willing to WORK from the pointofview of someone from developing country. @@doingtime20
@@doingtime20 I think he has never lived in the USA. He doesn't know the cost of living in the USA or China, at least one of them. There is no difference when you make 30,000 dollars in the USA or 30,000 RMB in China. Same quality of life.
@@dansands8140 Japan had a lot of bullets in the clip to defend itself via monetary / fiscal policy. Also, Japan had establish into a developed economy with a high standard of living for nearly all of their citizens. CCP China wishes they had the same setup.
I run a singaporean sourcing company and just recently a spanish sourcing company that uses our services shut down their operation in Shenzhen and moved to Bengaluru,India. When we question them on their motives they said that things were so bad that there was no business transaction from Spainish companies with the Chinese. They are sourcing from Vietnam and India now
Looks like they are correct. China's per capita GDP is still very low even when you compare it to the countries of Japan, South Korea, Taiwan, and Singapore.
Who told you that? I have multiple family members in China and they all bought homes at an affordable rate in 1st/2nd tier cities. My 25 year old cousin bought a home last year. I'm in my 30s in the US and I don't know a single person who was able to buy a home, everyone rents. The few people I do know who bought houses were due to having parents helping them with their down payment and mortgages. Its far more affordable to buy a home in China than it is in the US.
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?
If IMF/WB's estimates of China's growth are more or less correct it is still the envy of most of western nations including America. Gordon Cheng and his cohorts have always been dead wrong about China's trajectory.
If there wasn't covid and you had these sudden drop in sales from China, it would be a shock. The China region is actually growing year over year, but over putrid numbers. Companies need to reset and realize this is the new baseline for China. Ain't getting back to pre-2020 numbers for a while.
📝 Summary of Key Points: 📌 China's economic growth has significantly slowed down, leading to deflationary pressures, stock market losses, rising unemployment, and reduced spending on a global scale. 🧐 The slowdown in China's economy is attributed to factors like the property crisis, strict COVID policies, geopolitical tensions, and a confidence crisis due to debt and regulatory crackdowns. 🚀 The economic challenges in China have resulted in job losses, salary reductions, and increased financial struggles for individuals, impacting both domestic and global markets. 💡 Additional Insights and Observations: 💬 Quotable Moments: "This is an economy that became the world's Factory floor by driving up tons and tons of expansion and becoming this giant manufacturing Powerhouse." 📊 Data and Statistics: Nearly one in 3 Chinese office workers reported falling salaries in 2023, the highest share in at least 6 years. 📣 Concluding Remarks: The economic slowdown in China has far-reaching implications, affecting not only the country's citizens but also global markets and political dynamics. Understanding the challenges faced by China is crucial in navigating the evolving landscape of the world economy. Generated using TalkBud
Bulls on China ain’t going to be happy especially as “Sophisticated Foreign Investors” recently made these Property Developers Junk Bonds a hot commodity Problem is they were expecting the Chinese Central Government to backstop these Junk Bond investments I even had old colleagues reach out to me because I researched China back in the 1980s I basically told them the Chinese Central Government wasn’t about to bailout these Property Developers after cutting off money to them for over a decade They didn’t listen In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers. Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate. Even then, It took them almost 14 years to get their overheated real estate under control Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018 Why is their Central Government doing this? Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen. Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need In China Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married Thus the common prosperity push and the crackdown on the overt displays of wealth in China Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
When anything is OVERPRICED, then given enough time, it would CORRECT itself in pricing. It would be unsustainable to keep an expensive "something" indefinitely, when you can't justify such high costs.
Actually that's not necessarily true. The entire purpose of a monopoly is to deny consumers choice and thereby price goods higher without having to provide comparable improved service or product. For example, if you had a monopoly on oil or potable water, you could charge whatever you wanted, because the cost to the economy of the people who need your oil would be so incredibly high, they'd pay anything to get it. Same thing with cable companies in the US. Many of them have a local monopoly and are able to charge higher prices because of it. There are a whole slew of supply and demand chart in economics that explain how / why / how much monopolies are able to extract more revenue from consumers.
@@nocrtname SUBSTITUTES will always be available. Just because you were dependent on CHINA for many many years -- this does NOT mean you can't MOVE to India, Vietnam, or Indonesia. As such, even Monopolies can be destroyed.
@@juntak75 Substitutes will always be available unless it's a product made with a mind boggling investment. Semiconductors would be a gd example, the amount of investment and time it takes to make them is so high that if only one company existed at the moment then they could charge whatever they want for the next decade.
@@juntak75 Also I wanted to say that the US main trade partner of the last year or 2 is Mexico. The US had supply chain crisis during covid and decided to start moving manufacturing to Mexico enmass. As Chinas standard of living went up so has the price of manufacturing there. It's now become cheaper to build infrastructure in Mexico from the ground up. Plus it's closer. Soon will be the rest of Central America and South America. Chinas role as a manufacturing giant will soon drastically diminish.
China 🇨🇳 has been a money-printing machine on overdrive. During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times. - It has printed more money than the US and Japan combined, while its economy is only half of them. - Current Chinese debt-to-gdp is already *highest in the world, at 300%,* according to Bloomberg. - With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
@@phillip76tell this to their 50% failure rate on our last order of stage lights. Quality has been down on both low & high price products for years... (60-2000$ a piece)
The portrayal of China's economic slowdown in Western media might appear like propaganda for a few reasons: 1. **Bias and Perception**: Western media often have biases that shape their reporting on China. These biases can stem from political, economic, or ideological differences between China and Western countries. 2. **Geopolitical Tensions**: Geopolitical tensions between China and Western nations can influence how China's economic situation is reported. In times of tension, there may be a tendency to highlight negative aspects of China's economy. 3. **Different Perspectives**: China's economic slowdown might be interpreted differently by Western media compared to Chinese media. Western media may emphasize certain aspects that align with their audience's interests or preconceptions. 4. **Competition and Hegemony**: There could be elements of competition and perceived hegemony at play. Western countries may seek to maintain their economic dominance and portray China's slowdown as a sign of weakness. 5. **Selective Reporting**: Media outlets may selectively report on China's economic indicators, focusing more on negative aspects while downplaying positive developments. However, it's essential to critically analyze news sources from both Western and Chinese perspectives to form a well-rounded understanding of China's economic situation.
A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
Having lived in Japan for years, I realized that in these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
Rebecca Lynne Buie is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
just came back from China， people there have lower income than the western countries but everything’s are so cheap, my daughter just brought a set of markers for 25 Chinese Yuan which is 4.5 Canadian, in canada the same thing you have to pay 40- 60 Canadian
In second tier cities like Hangzhou, college graduates earn a monthly income of 10000 yuan. Paris, France, is already a first tier city in Europe, right?? The average salary is 2000 euros. Renting a house costs 900 to 1000 euros. I don't understand what you said about the high income in the West???
with Hangzhou as an example, the average monthly salary of Hangzhou fresh graduates is ￥9.6K ￥, 80% of the positions belong to this level 6-15K. More than 2000 euros is already the average salary in Paris, France, where I have many classmates. Germany may have a little more than €2.500 or so.
Well yeah, because if the markers cost $40 in China no one would be buying them. You even put it right there in your comment "people there have lower income." Shocker, if the people earn less then goods must cost less to be affordable. That's like economics 101.
when people think things will just keep improving means you're living in a bubble... As an American I know the only way to get out of massive debt is to start wars...
@@benjaminhuston1390 not for the winning party. If you have debt owned by a rival (see China v USA) the debt disappears. Also a future war would include cyberattacks, so if cloud computing is hit especially in the financial sector all debt would literally disappear (as would money in a digital form)
@@kevincruz8692 Propagandists from China and Russia think that cherry picking a data point makes them clever. Nope. On a per capita basis, Germany absolutely smokes China in terms of productivity and wealth. The CCP has been horrible for China all the way back to the Revolution. Why is China so far behind?!?
When China's GDP was only $ 2 - 5 $ trillion it was growing at 8 - 10 & ,you cannot continue to have a double digit growth when your GDP is 18 trillion dollar, no country can do that,but your net GDP increase would be bigger at 5 % of 18 trillion than 8 % of 5 trillion. India with a GDP of of less than 4 trillion cannot even have a double digit growth rate and people are saying that India is doing better than China when in fact China's net GDP increaseis way larger than India.
lol for thinking anything about china would viewed positively here in the west. lol again for thinking the west would view china’s market any different. Consumerism is the sole metric.
In 2023, real China's 🇨🇳 economy shrunk -3.5% as opposed to 5.2% expansion as officially announced. The shrinking GDP was concluded by trusted Japanese economists.
another study also concluded china's economy expanded at 7.2% according to Bloomberg, faster than official data, just so you know, Don't cherry pick info, thank u
2023-11/15: The IMF raised China's GDP growth forecast for 2023 to 5.4% from the previous 5%, and also raised its GDP growth forecast for 2024. Do you believe the IMF?
@@AhmetTekin101 -3.5%， IMF prediction 5.4%，reality 5.2%，Where does your data come from? The IMF predicts that China's economy will grow by 4.6% in 2024
There’s a fundamental deference between the roles of government in the west & in China. People’s perception of government is also different. In practice, I found Chinese government is far more effective & efficient than those in the west. Of course western medias won’t tell you about that difference or you’d be furious with urs lol
@@TrgnCome on. You have to admit that it's not a democracy. No one is really elected, unless they're subservient to the CCP. Any criticism of the government that goes viral is censored
Woah for real ? I'm so excited. Her strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
5 years ago I talked with many Chinese people in Beijing, Taiyuan and other cities and they all told me the same thing “ that is impossible “ . I said we will see . Booom 2024.
This have the same setup of another lost decade like 90s Japan. The only difference is that Japan already established itself as an advanced economy with a thriving liberal democracy and Japan is part of the Western alliance. China on the other hand with even more authoritarian regime on its imperialistic path could only dreamed of having such setup.
@@AB-fi5jtthat's true but only politically, China is not sovereign economically, entire Chinese economy was built by US investments and now that USA is pulling out of China, you see the downfall
You had been caught up in too much western propaganda. The Chinese economy is fine. I just came back on hols there. Western propaganda always focus on the one fella that lost job, lost investments….
As a Chinese, kinda surprised by many people in the comments still believing China's GDP data is true. Also surprised by the optimism of Shanghai middle class, but understandable. 30,000 yuan/month. In my inland hometown, everyone works 12 hours a day for 3,000 yuan/month and since the economy is over they even can't get that much. No wonder those middle class thought the future was always there lol.
2023-11/15: The IMF raised China's GDP growth forecast for 2023 to 5.4% from the previous 5%, and also raised its GDP growth forecast for 2024. Do you believe the IMF?
Out of the billions of Chinese, Bloomberg just magically met a lesbian couple to interview? Nope, they just went out of their way to look for a lesbian couple.
Because it china and this is American media. US debt is increasing by 1 trillion in 8 months. US is a balloon stretched to its limit until it burst. No economy in history was this inorganic and based on speculations.
Some are cheering for the China’s economic slow down while are also scaring that China not going to buy US treasure bonds Translate: we need China to lend us money but we want China to Being poor too
Hearing their stories remind of the nearly same stories from people who experienced the Great Recession. They had built a bubble for themselves on top of a house of cards and most had never expected the crisis or had never experienced a crisis before. This is just a correction that’ll take time but unfortunately it’s the young, middle class, and other vulnerable population that suffer while structural changes occur.
People or 'experts' who keep harping on how 'low' / 'slow' is the economic growth of China in recent years are either dumb or deliberately lying (or both). The reason is simple - the absolute SIZE of the Chinese economy today is multiple TIMES than it was 10 or 20 years ago. Hence, even an 'average' of 5% economic growth today would roughly be the same increase (in dollars amount) of a '10%' in the past. Just simple arithmetic. In 1984, China grew by 15.2%, and averaged over +10% annually through 2005, so 2023 growth dropping to a mere 5% is a big drop. Thing is, when China grew +15.2% in 1984, their economy was only $260 Billion USD (nominal), so they grew by +$40 Billion. In 2023, China's economy is $18 Trillion USD (nominal), so +5% growth adds +$900 Billion, 22.5 times greater than their 1984 growth and roughly 3.5 times the ENTIRE 1984 Chinese economy. In contrast, the USA will be lucky to add +$20 Billion to their economy, and it'll mostly be FIRE (Finance, Insurance & Real Estate) growth, rather than "real" industrial production and trade in goods. The UK is going into recession, Germany is in "technical" recession, and Japan has been ZERO growth for decades. Meanwhile, sanctioned Russia is expected to grow by +3%, faster than the USA.When people like Adrian Zeihan and Gordon Chang keeps being the nvited to talk and explain why the PRC is "collapsing", we, the informed people, can only wet our pants of laughing.
Quite interesting analysis on China's economy, probably the Covid pandemic and lower investments in China from multinational companies are not the only elements why the wages are getting lower. Also China's show of force these last years has started to frighten foreign investment there, the effects of which will continue more and more as time passes. This makes me think of the enormous power and potential multinational companies have on any country. Where they go and invest, it really gives a huge boost on the country's economy.
You work for 40yrs to have $1m in your retirement, while some people are putting just $1k in a meme coin for just few months and become multi millionaires. if you you don't invest, you're missing out on opportunities to increase your financial worth,
I relate to that Chinese woman a lot. I was promised so much when I was young. I spent time and money at college. Now I am thrown away like trash. No one will hire. No one will offer consistent pay. There is no job hopping anymore. Etc. I am a young American man in my "prime earning years" and not a single company will help me start my career. I have been unemployed for over a year now. I have friends with masters degrees in engineering and they are having the exact same problems as me. No rejection letters. No interviews. Just silence.
I feel like this video falls short somehow ... It kinda opening to the promise of analysis the impact of China slowdown on the world but for the most of the video we were told individuals stories with some loosely figures to throw in (and kinda shallow and meaningless) ... tbh, I think Bloomberg youtube videos are not very insightful ones compared to CNBC, FT, or SCMP ...
Where did you get your numbers? The US economy grew 3.2% in Q4 2023, and 2.5% for all of 2023, according to the US Department of Commerce. Not bad for an economy that the Fed has been trying to cool off with higher interest rates.
First of all, I live in Europe, if you think I have any bias. This video is very COMMICAL. China's grownth is not over, quite the contrary, its just that "you guys" are still measuring China based on the Dollar... you are literally measuring and reporting on a ground that does not exist anymore in what relates to China. I will explain your mistake in a simple way, so that you can maybe understand: See, here in Europe we buy, for instance, a Car from Byd (our own car is from them), and pay in Euro, that payment generally goes through the Swift system, prone to tax, sanction, profiting and control of the US and then the EU by extension, and you are looking through those glasses. You are failing to account that now China is trading with Brazil, Russia and India (countries that are massively rich in Gas, Grains and Minerals) using their own, Chinese alternative for the Swift system, using Chinese Yuan instead of Dolar as the main currency. They completey cut off The US-EU financial shenanigans and dominance. So people buy a Car from Byd in Brazil for instance, pay in Brazilian Real (their currency), and the money goes through the Chinese system directly transforming it to Yuan when needed, completely skipping US influence, international taxes, etc. That's why US-EU sanctions do not mean ABSOLUTELY NOTHING anymore to those countries (and that's why RUSSIA's economy is booming despite the many sanctions against them), they basically freed themselves from the Dolar international dominance. Those countries are growing exponentially, outside the financial control of the US via the Dolar as international basic value (and its many traps that serve to keep US's influence of control over them). That's what's happening. Maybe you do know that but want to keep denying it, or maybe you actually do not know that, which is... weird, go figure.
The domestic real estate sector plays a pivotal role in China's economy. However, since 2020, it has been under stringent regulation due to concerns about a potential financial crisis fueled by excessive debt. As a result, a slowdown in economic growth seems inevitable at some point. With a significant amount of capital trapped within the banking system and lacking alternative attractive investment outlets, deflationary pressures have emerged. I believe that China needs to cultivate emerging industries with high investment value to absorb the massive investments that were previously directed towards the real estate market
Since when 5.2% growth for the second largest economy (the largest if measured by PPP) becomes definition of being economically weak? Europe growth is barely 1%. None sense
This video contains too much false information... Many interviewees said they only translated certain sentences and distorted the facts. If I didn't understand Chinese, I would really be misled by this video.
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I think there's a typo: The video says "slowdown" instead of "collapse".
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing.
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hard landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. New York Times: Banking crisis imperils China
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a Soft Landing?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010: Nouriel Roubini: Hard landing coming in China.
2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012: American Interest: Dismal Economic News from China: A Hard Landing
2013: Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. CNN: Forget the trade war, China's economy has other big problems
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
....
Yet it's already 2023 and China's economy is still going strong.
🎉🎉🎉😢
Captain planet use platinum to make pollution zero...All Indian politicians stores more gold and bad people stores more gold so gold price should fall even more.....
world should turn to platinum standard no gold standard..
DECREASE GOLD PRICE AND BAN OR STOP IMPORTS AND EXPORTS GOLD..
@@jesussonofgod6284 Yes. China will never stop growing. To the world and to the universe...
"It's bad for the global economy."
Translation: Multinational corporations that have been profiting off of the misery of average people are finding harder to make more money.
Yup, the 12 hours per day work for 6 days a week in China, that the CCP did nothing about, is no longer working
And politicians in China can no longer profit as well from the people's suffering
😂 That's what I was thinking, what a terrible terrible thing
And they will redirect their loss to their clients (consumers)
Preach 🙌🏼
When they stop publishing unemployment data you know the stuff has hit the fan.
Exactly. We cannot trust CCP statistics anyway, but when they start hiding them we know things are bad.
Does ANYONE believe that China grew 5.2% in 2023? I have a bridge in Brooklyn to sell you if you do!
😅
That data is for 15-24, that is the age for education not doing job, if the unemployment in that age range is increasing, it means more students are pursuing higher education, more students are not dropping out, more students are not looking for small paying jobs.
@@IamHandsome4uwouldn't people that are pursuing higher education considered in a seperate category or are considered employed as they have an occupation?
China's growth slowdown from high growth to normal growth was predictable and inevitable. In some ways is much healthier and better for the entire world.
Yeah. Structurally it was impossible for Chinese to pushing high growth often by stimulus to create Ghost cities. This Breaking point bw china and west was inevitable due to size of china. If china wud have kept going on as it is without any geopolitical harakiri like hong kong Taiwan 9 dash line etc West wud have dissolved their economy from within slowly and like japan, china wud have become dormant friend of US . Also the real eastate and ither Bubbles wud have kept on building though real benificiary wud have been the Big capitalists fo west taking back big returns onf high chinese growth . CCP knew this.
Now they wanted to shift to Higher value chain which wud anyway put them in direct competition with West and US.
So xinping had planned it all. Now we have to see can their companies generate same level of innovation as US. In legacy Tech Chinese have already bridged the gap.
Also china won't become a big north Korea or USSR bcoz internet has broken boundaries. Chinese protect their cyber space from world but they allow their ppl to explore world cyber space .
Normal growth is what the government claiming, but people are not seeing in their everyday life. The government's number is being mocked by Chinese people online.
Why? Can you say same thing for America?
@@DK-ev9dgNope. Totally different country, with different geography, history, and economic system.
Yet even the "normal growth" numbers are lies and everyone knows it.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@mikegarvey17Mind if I ask you to recommend this particular coach you using their service?
Credits goes to " Izella Annette Anderson " one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
You can't have unlimited growth forever. It needs to be organic and sustainable.
You can’t have unlimited anything
Chinese saw sudden foreign money and they forgot their roots ( culture, family value, affordable living, agriculture ) everyone started running rat race for money.
Agreed . That's why usa is in recession
@@kenbehrens5778China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
@@TruthTeller8888 India best achievements so far
India's Hunger index
2013: 63rd rank
2022: 107th rank
India's Happiness index.
2013: 111th rank
2022: 136th rank
India's press freedom rank
2013:79th
2022: 150the the fourth pillar of worlds largest
democracy is no more
India's unemployment rate
2013:4.9%
2023:7.5%
Unemployment rate never increase in growing
economy.. india is growing only on paper and by
loan
India's Debt
before 2014: ₹55 lakh crore
2023: ₹155 lakh crore
India's GDP from 2004 to 2014:
$709 billion to 2.04 trilion (almost triple)
India's GDP from 2014to 2024:
$2.04 trillion to 3.6 trilion (expected)...not even
double
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
The Covid issue was our own fault and definitely Trump as well since he didn’t really do anything. But how do we fix housing issues? We should come up with some ideas and discuss
Inflation is from the retiring baby boomers and obviously over spending from our responsible government. They expect us to balance our checkbook but not there’s. Just giving money to countries that like us and more importantly hate us smh
Keep the Republicans away from the W.H, Congress, Senate.
you missed the salient point here .... The World has woken up to the Cheap and Poor Quality offered by China and is transferring its relationships to other nations !!! China's aggression in the Pacific and Indian Borders is doing immense damage to its reputation as a trustable "friend" !!!!! China is on Notice from the World & Taiwan is the Red Line !!
@@domenico_ginny6164 Trump still did something. The vaccine was produced by him
Sometimes, a slowdown is not meant to be a negative thing. Globally, overproduction is always an issue, and readjusting the whole supply chain pace may not be a bad thing.
Excellent viewpoint!
The Problem is China reacts to it's slowdown with even more excess production.
True, though I think in China's case, their slowdown is a product of government mismanagement (both from things the CCP did in previous decades and more recently from Xi's micromanaging). Structural problems with their economy that need to be reformed and the fact that the government growth policy was based on faulty population metrics (which also ties into the slew of problems created by the One Child Policy). So the housing market, lagging productivity, a rapidly aging population, declining birth rates and an authoritarian government that doesn't always address each of those problems correctly all pile onto the problem.
Economies and public policy issues correct themselves all the time, but the issue with China is that it's economy's command oriented aspects tend to operate counter-intuitively due to the CCP's goals occasionally being at odds with the practical realities.
True. Housing will now be cheaper for the younger generation.
The trouble is, Chinese government is not a democratically elected one. CCP's legitmacy is solely based on fear and economy. An economic meltdown, or even just slowdown, means a totally different thi
Stephanie has to play her own poignant music at the end; times really are tough.
ouch! 🐸
Stop it
Did she eat delivery food on the video? 90% of the world can't afford that, perhaps even a poorer third of Americans and Europeans
Anyone know the piece she's playing? It's nice
Tchaikovsky - June
I used to travel to many Chinese factories. They would not let me enter an area where they were making products for a designer Italian company. I did not think anything of it until I stumbled on the packaging for the items. ALL packages said "Made in Italy". The factory representative saw me notice that and said that is supposed to be secret. The Italian companies' markup was huge...
The boxes were probably made in italy, everything else when in China
@@soacespacestation8556 not very possible, they have no reason to make the boxes in Italy and spend lots of money sending them to China, freight and manufacturing cost in italy is high
@@soacespacestation8556 Many clothes, flags, and hats bearing slogans opposing China are actually made in China. The Chinese philosophy is: do as you please, as long as you pay me.
same with alot of brands. everything made in China, and
if a product was made in China, that mean cheap and fault. Marking "Made in Italy" could sell a better price.
Thank you Bloomberg. I particularly appreciate that the original audio was not overridden by an “interpreter” which most people find annoying. Captions are way better. Thanks.
Hang in there Stephanie. I am glad you found a job to get you through this rough patch.
Stephanie won't see your comment, because UA-cam is banned in China.
I really hope the best to those common millennial and gen z kids. They deserve a better future like everyone else
Completely agree
Xi took hostile attitude and actions toward private companies, Taiwan, and western world, this is what he bought to his own people in order to exercise full control over China and now China is not only in recession but on its way to 2nd culture revolution.
Worked with two Z's while simultaneously training them. Not exactly proactive and ready to take on the hard work.
All they want are answers, not expending the effort to solve questions.
We are in trouble if Z's work ethic is worldwide.
Why would they? They know the odds are stacked against them and more work is the reward for hard work nowadays with the occasional pizza party.
Thank you for saying this😖
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing.
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hard landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. New York Times: Banking crisis imperils China
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a Soft Landing?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010: Nouriel Roubini: Hard landing coming in China.
2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012: American Interest: Dismal Economic News from China: A Hard Landing
2013: Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. CNN: Forget the trade war, China's economy has other big problems
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
....
Yet it's already 2023 and China's economy is still going strong.
China has been "collapsing" longer than I am alive at this point...
@@nulnoh219 Economists who just talk are never right let alone you who are nothing...
😂 😂 😂 😂 😂 😂 😂
1990. The Economist. China's economy has come to a halt.
1996. The Economist. China's economy will face a hard landing.
1998. The Economist: China's economy entering a dangerous period of sluggish growth.
1999. Bank of Canada: Likelihood of a hard landing for the Chinese economy.
2000. Chicago Tribune: China currency move nails hard landing risk coffin.
2001. Wilbanks, Smith & Thomas: A hard landing in China.
2002. Westchester University: China Anxiously Seeks a Soft Economic Landing
2003. New York Times: Banking crisis imperils China
2004. The Economist: The great fall of China?
2005. Nouriel Roubini: The Risk of a Hard Landing in China
2006. International Economy: Can China Achieve a Soft Landing?
2007. TIME: Is China's Economy Overheating? Can China avoid a hard landing?
2008. Forbes: Hard Landing In China?
2009. Fortune: China's hard landing. China must find a way to recover.
2010: Nouriel Roubini: Hard landing coming in China.
2011: Business Insider: A Chinese Hard Landing May Be Closer Than You Think
2012: American Interest: Dismal Economic News from China: A Hard Landing
2013: Zero Hedge: A Hard Landing In China
2014. CNBC: A hard landing in China.
2015. Forbes: Congratulations, You Got Yourself A Chinese Hard Landing.
2016. The Economist: Hard landing looms for China
2017. National Interest: Is China's Economy Going To Crash?
2018. CNN: Forget the trade war, China's economy has other big problems
2020. Economics Explained: The Scary Solution to the Chinese Debt Crisis
2021. Global Economics: Has China's Downfall Started?
....
Yet it's already 2023 and China's economy is still going strong.
😂😂😂 westerners and daydreaming of china failing are 5&6. People need to rise above zero sum game mentality
Lots of headwinds. Population decline. Aging population. Complete collapse of housing which is almost the only personal savings of most people. Long time coming but it's over for China. Japan took 30 years to come out but China will take longer.
Pls focus on THE BIGGIST BOMB at the other end : US National Debit is at $34,628,829,468,516 today and is keep increasing...
The words "Loss of consumer confidence" are the same words that hammered America 2006-2008 and beyond. In those days I drove up and down the consumer commercial strips (restaurants, home improvement stores, beauty shops etc) and the parking lots were near empty. All in a city that had not lost more than a handful of jobs from the primary cause of the downturn. Based on past consumer behavior, the Chinese Problem could easily roll its way into other industrial nations. Lack of confidence becomes the problem. Thank you for your reporting.
"I thought only those who make mistake will get fired". I hate this mentality because if you think about it it's implying if someone doesn't have a job or is in a bad situation then it's their fault. I'm all for personal responsability, it's important of course, but the hard truth is that life has many factors at play at any given moment, cogs and wheels that you don't even notice. Sometimes these "invisble" things play in your favor and sometimes they don't. Let's not be so quick to judge others, life is much more complex than it seems.
A kfc worker in the us make an average of 32177 dollars annually, which is equivalent of about 120000 cny in china. That being said, a average american kfc worker is more affluent than a average doctor in china, or 90% of that country's population. So instead of blaming outside environment, which american allways do, blaming sexism, rascim, socioeconomic disparity, society, blahblah for their own lazziness and incompetence, maybe it's better working yourself. Not saying everyone who failed are lazzy losers, but most of them are in the standard of chinese.
@@zhengjy5401 What?? I don't understand your point. You think I'm making an apology of laziness?
nope, I am just saying personal responsibility, as you suggested, is of the paramount importance, more so if one lives in a developed country where there are so many opportunities to live a decent life as long as he is willing to WORK from the pointofview of someone from developing country. @@doingtime20
@@doingtime20 I think he has never lived in the USA. He doesn't know the cost of living in the USA or China, at least one of them. There is no difference when you make 30,000 dollars in the USA or 30,000 RMB in China. Same quality of life.
30000 RMB a month makes you a emperor in china
I’m not sure if this is like lost decades of Japan back to 90s
Yes I also think so
It is exactly the same, on a larger scale.
donot compare with un independ country.
@@dansands8140 Japan had a lot of bullets in the clip to defend itself via monetary / fiscal policy. Also, Japan had establish into a developed economy with a high standard of living for nearly all of their citizens.
CCP China wishes they had the same setup.
China GNI is through the roof. Please get a better education.
I run a singaporean sourcing company and just recently a spanish sourcing company that uses our services shut down their operation in Shenzhen and moved to Bengaluru,India. When we question them on their motives they said that things were so bad that there was no business transaction from Spainish companies with the Chinese. They are sourcing from Vietnam and India now
Everyone is running away from China.
China has trade surpluses with all those countries
Enjoy India quality, hahah
Chinese milk and handcuffs are well known for their quality
@@kevin85490 Chinese baby milk was tainted with children having issues. What quality?
I can see at least three videos on YT every day about China's economic collapse, and this situation has existed for at least 15 years!
哈哈哈哈，西方媒体天天说中国经济崩溃，中国媒体最近才开始说美国要崩溃了。。。
golden Chang teach them to do that. LOL
Those videos are funded by NEP
Looks like they are correct. China's per capita GDP is still very low even when you compare it to the countries of Japan, South Korea, Taiwan, and Singapore.
@@DemPilafian So by your logic countries like India and Vietnam have collapsed since their GDP per Capita is abysmal even compared to China lol
Ordinary people bear the brunt.
Almost always!
I’ve seen these kinds of videos over and over again every year since 2018…
Maybe since 1988.
And still makes 5000 rmb per mo😢
Well, stay in denial while China’s economy dries up.
"But this time it's real!"🤣
@@川建国-n9l 放缓的是房地产，而且慢了很多。有所提升是旅行，美食消费，对下一代的教育投资！网购消费！
In China, housing prices are ridiculously high compared to wages due to real estate speculation and debt.
Due to the fact that a couple has 0 siblings, 4 parents and 8 grandparents.
Yet home ownership rates exceed 90% which ranks 2nd in the world. Household savings rates are also very high compared to majority of the world.
Welcome to Australian society
Who told you that? I have multiple family members in China and they all bought homes at an affordable rate in 1st/2nd tier cities.
My 25 year old cousin bought a home last year.
I'm in my 30s in the US and I don't know a single person who was able to buy a home, everyone rents. The few people I do know who bought houses were due to having parents helping them with their down payment and mortgages. Its far more affordable to buy a home in China than it is in the US.
Debt??? More cash buyers in China than in the US…
An example of when greed becomes destructive.
Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
You wouldn't believe any of it
If IMF/WB's estimates of China's growth are more or less correct it is still the envy of most of western nations including America. Gordon Cheng and his cohorts have always been dead wrong about China's trajectory.
It probably came from the construction 🏗️ sector
@@fly463The GDP was man-made.
你的数据从何而来
If there wasn't covid and you had these sudden drop in sales from China, it would be a shock. The China region is actually growing year over year, but over putrid numbers.
Companies need to reset and realize this is the new baseline for China. Ain't getting back to pre-2020 numbers for a while.
China GNI is through the roof. Please get a better education.
📝 Summary of Key Points:
📌 China's economic growth has significantly slowed down, leading to deflationary pressures, stock market losses, rising unemployment, and reduced spending on a global scale.
🧐 The slowdown in China's economy is attributed to factors like the property crisis, strict COVID policies, geopolitical tensions, and a confidence crisis due to debt and regulatory crackdowns.
🚀 The economic challenges in China have resulted in job losses, salary reductions, and increased financial struggles for individuals, impacting both domestic and global markets.
💡 Additional Insights and Observations:
💬 Quotable Moments: "This is an economy that became the world's Factory floor by driving up tons and tons of expansion and becoming this giant manufacturing Powerhouse."
📊 Data and Statistics: Nearly one in 3 Chinese office workers reported falling salaries in 2023, the highest share in at least 6 years.
📣 Concluding Remarks:
The economic slowdown in China has far-reaching implications, affecting not only the country's citizens but also global markets and political dynamics. Understanding the challenges faced by China is crucial in navigating the evolving landscape of the world economy.
Generated using TalkBud
Ray Dalio’s been awfully quiet recently 😂
wonder what he would have to say about all this?
Bulls on China ain’t going to be happy especially as “Sophisticated Foreign Investors” recently made these Property Developers Junk Bonds a hot commodity
Problem is they were expecting the Chinese Central Government to backstop these Junk Bond investments
I even had old colleagues reach out to me because I researched China back in the 1980s
I basically told them the Chinese Central Government wasn’t about to bailout these Property Developers after cutting off money to them for over a decade
They didn’t listen
In China in 2008 around 70% of the people in their real estate markets were buying their 1st homes in their cities
By 2018 around 70% of the people in their real estate markets were buying their 2nd and 3rd homes in their cities
That’s why you are hearing about problems with their property developers these days. Because back in 2010? Their Central Government started cutting of money flow to these developers.
Thus why you heard about Shadow Banks and Underground Economy back then, that their Government had to come into to shutdown or regulate.
Even then, It took them almost 14 years to get their overheated real estate under control
Heck they were about to introduce a nation wide property tax, but then trump started the trade war in 2018
Why is their Central Government doing this?
Because there are still a few hundred million poorer rural folk they still expect to move to the cities to join their more well off urban city folk countrymen.
Problem is these property developers were building higher end homes, and not building the affordable homes these rural migrants will need
In China
Owning a home in the city you migrate to? Affects your employment, health, education and even marriage prospects don’t have a house you don’t get married
Thus the common prosperity push and the crackdown on the overt displays of wealth in China
Their Government probably figured out you disenfranchise the people at the bottom of your society they are the ones most likely to act out in protest
@@alanledger1858 This is the inevitable result of China's real estate market adjustment, and it will be a success to survive these five years
what does this mean?
@@DxsPro Ray Dalio is one of renowned economists who predicted China's rise as the global superpower.
Great documentary. Make another one about how the "ordinary people" live in the US in the past decade, especially in big cities such as San Francisco.
Times are tough now.
When anything is OVERPRICED, then given enough time, it would CORRECT itself in pricing. It would be unsustainable to keep an expensive "something" indefinitely, when you can't justify such high costs.
Actually that's not necessarily true. The entire purpose of a monopoly is to deny consumers choice and thereby price goods higher without having to provide comparable improved service or product. For example, if you had a monopoly on oil or potable water, you could charge whatever you wanted, because the cost to the economy of the people who need your oil would be so incredibly high, they'd pay anything to get it. Same thing with cable companies in the US. Many of them have a local monopoly and are able to charge higher prices because of it.
There are a whole slew of supply and demand chart in economics that explain how / why / how much monopolies are able to extract more revenue from consumers.
@@nocrtname SUBSTITUTES will always be available. Just because you were dependent on CHINA for many many years -- this does NOT mean you can't MOVE to India, Vietnam, or Indonesia. As such, even Monopolies can be destroyed.
@@juntak75 Substitutes will always be available unless it's a product made with a mind boggling investment. Semiconductors would be a gd example, the amount of investment and time it takes to make them is so high that if only one company existed at the moment then they could charge whatever they want for the next decade.
@@juntak75 Also I wanted to say that the US main trade partner of the last year or 2 is Mexico. The US had supply chain crisis during covid and decided to start moving manufacturing to Mexico enmass.
As Chinas standard of living went up so has the price of manufacturing there. It's now become cheaper to build infrastructure in Mexico from the ground up. Plus it's closer.
Soon will be the rest of Central America and South America. Chinas role as a manufacturing giant will soon drastically diminish.
I don't think you understand the devastation of deflation to the economy.
You need an education.
China 🇨🇳 has been a money-printing machine on overdrive.
During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while its economy is only half of them.
- Current Chinese debt-to-gdp is already *highest in the world, at 300%,* according to Bloomberg.
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.
😂China 0 recession
China 0 inflation
Usa recession
Uk recession
France recession
Germany recessing
India recession
Taiwan recession
I'm the only one tired of seeing "China is over" kind of show ?
Every few days i get a recommended video telling me that china is over, It has been more than 5 years, and china is still around.
I can see at least three videos on YT every day about China's economic collapse, and this situation has existed for at least 15 years!
And yet China gets powerful exponentially
I don't think China is over at all. If anything, it is the start of high quality China. LOL
@@phillip76tell this to their 50% failure rate on our last order of stage lights. Quality has been down on both low & high price products for years... (60-2000$ a piece)
GDP doesn't mean much when service is the predominant type of labor.
what are you talking about?
GDP is goods and services it is both.
We have been listening to these staff for the last 40 years.
Economy has it's cycles. It's not a straight line. Only time can tell. Most predictions and worries about the future fail to happen anyway
I think there's a typo: The video says "slowdown" instead of "collapse".
The portrayal of China's economic slowdown in Western media might appear like propaganda for a few reasons:
1. **Bias and Perception**: Western media often have biases that shape their reporting on China. These biases can stem from political, economic, or ideological differences between China and Western countries.
2. **Geopolitical Tensions**: Geopolitical tensions between China and Western nations can influence how China's economic situation is reported. In times of tension, there may be a tendency to highlight negative aspects of China's economy.
3. **Different Perspectives**: China's economic slowdown might be interpreted differently by Western media compared to Chinese media. Western media may emphasize certain aspects that align with their audience's interests or preconceptions.
4. **Competition and Hegemony**: There could be elements of competition and perceived hegemony at play. Western countries may seek to maintain their economic dominance and portray China's slowdown as a sign of weakness.
5. **Selective Reporting**: Media outlets may selectively report on China's economic indicators, focusing more on negative aspects while downplaying positive developments.
However, it's essential to critically analyze news sources from both Western and Chinese perspectives to form a well-rounded understanding of China's economic situation.
A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?
Her name is “Sharon Ann Meny” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Having lived in Japan for years, I realized that in these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
Rebecca Lynne Buie is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
nice 👌
Tonya Harding reflects the true American values!
just came back from China， people there have lower income than the western countries but everything’s are so cheap, my daughter just brought a set of markers for 25 Chinese Yuan which is 4.5 Canadian, in canada the same thing you have to pay 40- 60 Canadian
In second tier cities like Hangzhou, college graduates earn a monthly income of 10000 yuan. Paris, France, is already a first tier city in Europe, right?? The average salary is 2000 euros. Renting a house costs 900 to 1000 euros. I don't understand what you said about the high income in the West???
with Hangzhou as an example, the average monthly salary of Hangzhou fresh graduates is ￥9.6K ￥, 80% of the positions belong to this level 6-15K. More than 2000 euros is already the average salary in Paris, France, where I have many classmates. Germany may have a little more than €2.500 or so.
Yes, things are cheaper.
But I don't think you understand the devastation of deflation to the economy.
You need an education.
Well yeah, because if the markers cost $40 in China no one would be buying them. You even put it right there in your comment "people there have lower income." Shocker, if the people earn less then goods must cost less to be affordable. That's like economics 101.
@@AhmetTekin101 can you educate me on west's hyperinflation?
It Is The Culture.
when people think things will just keep improving means you're living in a bubble... As an American I know the only way to get out of massive debt is to start wars...
I don 't know if you are trying to be cute, but it is not ok. It is immoral, and it is the source of so much instability in the world.
Really, because I'm pretty sure going to war increases debt even more, looking at historical data. But perhaps you can enlighten us?
I don't know how that works..wars are expensive
@@benjaminhuston1390 not for the winning party. If you have debt owned by a rival (see China v USA) the debt disappears. Also a future war would include cyberattacks, so if cloud computing is hit especially in the financial sector all debt would literally disappear (as would money in a digital form)
Hi from Europe.
5% is not bad. It's something that we can dream about. 😅
I bet you *DON'T* dream about having China's per capita GDP. 😅
5% is a fake figure. Analysts and economists have done their own analysis and China is actually having a recession instead.
@@DemPilafian can you tell us how much did Germany's GDP grew in 2023? 😂😂😂 Or the USA? 😂😂
@@kevincruz8692 Propagandists from China and Russia think that cherry picking a data point makes them clever. Nope. On a per capita basis, Germany absolutely smokes China in terms of productivity and wealth. The CCP has been horrible for China all the way back to the Revolution. Why is China so far behind?!?
@@kevincruz8692shhhh don't ask such hurtful questions
If China is reporting growth in the low single digits, it is really shrinking instead.
When China's GDP was only $ 2 - 5 $ trillion it was growing at 8 - 10 & ,you cannot continue to have a double digit growth when your GDP is 18 trillion dollar, no country can do that,but your net GDP increase would be bigger at 5 % of 18 trillion than 8 % of 5 trillion.
India with a GDP of of less than 4 trillion cannot even have a double digit growth rate and people are saying that India is doing better than China when in fact China's net GDP increaseis way larger than India.
Brought to you by Bloomberg Originals lol
man, we humans really are all more alike than we are different, aren't we?
Surprised this looked at China as a consumer market, was hoping to hear more about production and foreign investment. Hope there is a part 2.
lol for thinking anything about china would viewed positively here in the west. lol again for thinking the west would view china’s market any different. Consumerism is the sole metric.
@dznuts123 Chinese authorities and the rest of Asia know China is in trouble too
In 2023, real China's 🇨🇳 economy shrunk -3.5% as opposed to 5.2% expansion as officially announced.
The shrinking GDP was concluded by trusted Japanese economists.
another study also concluded china's economy expanded at 7.2% according to Bloomberg, faster than official data, just so you know, Don't cherry pick info, thank u
2023-11/15: The IMF raised China's GDP growth forecast for 2023 to 5.4% from the previous 5%, and also raised its GDP growth forecast for 2024. Do you believe the IMF?
@@wang1qiangForecast is a forecast, they are not actual. IMF did it mosy based on data provided by the Chinese authority.
@@wang1qiangSorry to interrupt your lies.
Even with forcast. IMF downgraded China's growth for both 2023 and 2024.
@@AhmetTekin101 -3.5%， IMF prediction 5.4%，reality 5.2%，Where does your data come from? The IMF predicts that China's economy will grow by 4.6% in 2024
7:50 Pretty funny to have DEMOCRACY listed as a Chinese value on that building. The people may value it but their leader doesn't.
what do you know about chinese politics aprt from being told from western msm
There’s a fundamental deference between the roles of government in the west & in China. People’s perception of government is also different. In practice, I found Chinese government is far more effective & efficient than those in the west.
Of course western medias won’t tell you about that difference or you’d be furious with urs lol
@@TrgnCome on. You have to admit that it's not a democracy. No one is really elected, unless they're subservient to the CCP. Any criticism of the government that goes viral is censored
Even if China’s growth rate is slowing down, that’s still way higher than what we got in the US.
then what would choose if you were Chinese: 躺平，打工？
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last 4months of 2023..
Woah for real ? I'm so excited. Her strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
she's mostly on Telegrams, using the user name.
@AmeliaJason11 💯 that’s it
When sending her a message do ensure she’s VERIFIED” cause a lot of imposters out there., .
nice try bots, maybe use it for videos related to yours scam
Covid taught the world a great deal about the need for robust supply chains and the value of on-shoring key industries….
Covid also taught corporations how much they could get away with in screwing over consumers
When talking about 5.2% in 2023 really bad for China, Germany is -0.3%.
Shuold we worry more about Germany instead of China?
Exactly. These people are ridiculous. They have no idea what they are speaking of.
China has relied on insane economic growth to keep the CCP in power since Mao died. Take that away and the mandate of heaven comes into question.
And -0.8 for Britain
-1.6 for Ireland
Germany is already hopeless.
So there is no need to talk about Germany.
In 2023, real China's economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
"I cut back unnecessary spending"... now let me open this door dash order 🙄
Restaurant and food delivery are super cheap in China compared to the west, I bet that order cost her less than $5
@@changl1383 In reality, $3.
5 years ago I talked with many Chinese people in Beijing, Taiyuan and other cities and they all told me the same thing “ that is impossible “ . I said we will see . Booom 2024.
Still seems pretty recoverable to me despite the anti-china sentiments from western governments
I don’t see a problem here
This have the same setup of another lost decade like 90s Japan. The only difference is that Japan already established itself as an advanced economy with a thriving liberal democracy and Japan is part of the Western alliance. China on the other hand with even more authoritarian regime on its imperialistic path could only dreamed of having such setup.
China is a sovereign country Japan is not😂
@@AB-fi5jt So you mean a country that’s without friends and soon could be running out of cash?
@@AB-fi5jtthat's true but only politically, China is not sovereign economically, entire Chinese economy was built by US investments and now that USA is pulling out of China, you see the downfall
You had been caught up in too much western propaganda.
The Chinese economy is fine.
I just came back on hols there.
Western propaganda always focus on the one fella that lost job, lost investments….
@@concernedcitizens4110it's has friends bro
The rumours of my death have been greatly exaggerated
Supreme leader Winnie the pooh needs more honey 😊
IT means peace, stability and security...... For many nations around china
As a Chinese, kinda surprised by many people in the comments still believing China's GDP data is true.
Also surprised by the optimism of Shanghai middle class, but understandable. 30,000 yuan/month. In my inland hometown, everyone works 12 hours a day for 3,000 yuan/month and since the economy is over they even can't get that much.
No wonder those middle class thought the future was always there lol.
2023-11/15: The IMF raised China's GDP growth forecast for 2023 to 5.4% from the previous 5%, and also raised its GDP growth forecast for 2024. Do you believe the IMF?
In 2023, real China's economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
@@AhmetTekin101i agree . Chinese are hiding real data . Its actually 10% brown
@@AhmetTekin101 agreed .
In 2023 usa economy shrank by 500%
Source : same place u got 3.5% from
Your honesty is refreshing.
China is moving out of low Tech low margin areas to high Tech High margin and lowering pollution
Out of the billions of Chinese, Bloomberg just magically met a lesbian couple to interview? Nope, they just went out of their way to look for a lesbian couple.
bro, i'm dying with comments here 🤣🤣🤣😂
Tough time for everyone
im german & i love chinese ladies. bravo china on your money & power!
Great piece! Wish it was longer and more in depth however.
5.2% is bad….?
USA have eco growth of 2% and debts of $34 Trillions…..and it is great ?
Because it china and this is American media. US debt is increasing by 1 trillion in 8 months. US is a balloon stretched to its limit until it burst. No economy in history was this inorganic and based on speculations.
Did you forget who controls the world’s propaganda?
this didn't age well
They never do
im a western guy realising I have been lied to... bye bye propaganda!!! welcome the zhong guo overlords🫡
Some are cheering for the China’s economic slow down while are also scaring that China not going to buy US treasure bonds
Translate: we need China to lend us money but we want China to Being poor too
Hearing their stories remind of the nearly same stories from people who experienced the Great Recession. They had built a bubble for themselves on top of a house of cards and most had never expected the crisis or had never experienced a crisis before. This is just a correction that’ll take time but unfortunately it’s the young, middle class, and other vulnerable population that suffer while structural changes occur.
People or 'experts' who keep harping on how 'low' / 'slow' is the economic growth of China in recent years are either dumb or deliberately lying (or both).
The reason is simple - the absolute SIZE of the Chinese economy today is multiple TIMES than it was 10 or 20 years ago.
Hence, even an 'average' of 5% economic growth today would roughly be the same increase (in dollars amount) of a '10%' in the past.
Just simple arithmetic.
In 1984, China grew by 15.2%, and averaged over +10% annually through 2005, so 2023 growth dropping to a mere 5% is a big drop. Thing is, when China grew +15.2% in 1984, their economy was only $260 Billion USD (nominal), so they grew by +$40 Billion. In 2023, China's economy is $18 Trillion USD (nominal), so +5% growth adds +$900 Billion, 22.5 times greater than their 1984 growth and roughly 3.5 times the ENTIRE 1984 Chinese economy.
In contrast, the USA will be lucky to add +$20 Billion to their economy, and it'll mostly be FIRE (Finance, Insurance & Real Estate) growth, rather than "real" industrial production and trade in goods. The UK is going into recession, Germany is in "technical" recession, and Japan has been ZERO growth for decades. Meanwhile, sanctioned Russia is expected to grow by +3%, faster than the USA.When people like Adrian Zeihan and Gordon Chang keeps being the nvited to talk and explain why the PRC is "collapsing", we, the informed people, can only wet our pants of laughing.
Quite interesting analysis on China's economy, probably the Covid pandemic and lower investments in China from multinational companies are not the only elements why the wages are getting lower. Also China's show of force these last years has started to frighten foreign investment there, the effects of which will continue more and more as time passes. This makes me think of the enormous power and potential multinational companies have on any country. Where they go and invest, it really gives a huge boost on the country's economy.
cope more
"I cut back on unnecessary spending"... proceeds to get takeout lunch at home. :)
West is mistaken. China is not operating under the same forever growth at all costs principle. Remember, China is NOT a capitalist country.
You work for 40yrs to have $1m in your retirement, while some people are putting just $1k in a meme coin for just few months and become multi millionaires. if you you don't invest, you're missing out on opportunities to increase your financial worth,
So much hyperbole. How is this journalism….
300 dollar rent on a 3-4k salary? yeah thats really tough 🤣
They don't make anywhere near 3k
“Significant slowdown” proceeds to show graphic with dip and upward trend 😂
It's because of COVID. China controlled the epidemic in 2021, but not the next year. That's why the curve goes up and down.
Hang in there Stephanie. I am glad you found a job to get you through this rough patch.
I relate to that Chinese woman a lot. I was promised so much when I was young. I spent time and money at college. Now I am thrown away like trash. No one will hire. No one will offer consistent pay. There is no job hopping anymore. Etc.
I am a young American man in my "prime earning years" and not a single company will help me start my career. I have been unemployed for over a year now. I have friends with masters degrees in engineering and they are having the exact same problems as me. No rejection letters. No interviews. Just silence.
What's your major?
I feel like this video falls short somehow ... It kinda opening to the promise of analysis the impact of China slowdown on the world but for the most of the video we were told individuals stories with some loosely figures to throw in (and kinda shallow and meaningless) ... tbh, I think Bloomberg youtube videos are not very insightful ones compared to CNBC, FT, or SCMP ...
SCMP is certainly better because it is telling its own people's story.
China's 5.2% on 2023 in USA 1,1%, Germany -3%....
India's GDP growth 8.4% in Q3.
1.1% was the IMF forecast for 2023. The US actually achieved 2.5% in 2023.
Also, the IMF just upgraded its 1.5% forecast for the US in 2024 to 2.1%.
cool! now pull your money out of USA and invest in China then
Where did you get your numbers? The US economy grew 3.2% in Q4 2023, and 2.5% for all of 2023, according to the US Department of Commerce. Not bad for an economy that the Fed has been trying to cool off with higher interest rates.
germanys growth 2023 was -0,3 % not -3 %.
In short: China should adopt Democracy and Capitalism
China is already democratic
Stop being jealous of China's rise but embrace it. You wont be disappointed
China's 🇨🇳 Evergrande liquidation and Country Garden loan default
show investment into a Chinese entity is a very high-risk venture.
😂China ecomomy is collapsing at 5% GDP growth
Another video of China decline, yes sir 🤠
I feel the same way.
First of all, I live in Europe, if you think I have any bias. This video is very COMMICAL.
China's grownth is not over, quite the contrary, its just that "you guys" are still measuring China based on the Dollar... you are literally measuring and reporting on a ground that does not exist anymore in what relates to China.
I will explain your mistake in a simple way, so that you can maybe understand:
See, here in Europe we buy, for instance, a Car from Byd (our own car is from them), and pay in Euro, that payment generally goes through the Swift system, prone to tax, sanction, profiting and control of the US and then the EU by extension, and you are looking through those glasses.
You are failing to account that now China is trading with Brazil, Russia and India (countries that are massively rich in Gas, Grains and Minerals) using their own, Chinese alternative for the Swift system, using Chinese Yuan instead of Dolar as the main currency. They completey cut off The US-EU financial shenanigans and dominance.
So people buy a Car from Byd in Brazil for instance, pay in Brazilian Real (their currency), and the money goes through the Chinese system directly transforming it to Yuan when needed, completely skipping US influence, international taxes, etc.
That's why US-EU sanctions do not mean ABSOLUTELY NOTHING anymore to those countries (and that's why RUSSIA's economy is booming despite the many sanctions against them), they basically freed themselves from the Dolar international dominance.
Those countries are growing exponentially, outside the financial control of the US via the Dolar as international basic value (and its many traps that serve to keep US's influence of control over them).
That's what's happening.
Maybe you do know that but want to keep denying it, or maybe you actually do not know that, which is... weird, go figure.
Thanks
Make your own that’s how it should it been from the beginning make your own cars everything
The domestic real estate sector plays a pivotal role in China's economy. However, since 2020, it has been under stringent regulation due to concerns about a potential financial crisis fueled by excessive debt. As a result, a slowdown in economic growth seems inevitable at some point. With a significant amount of capital trapped within the banking system and lacking alternative attractive investment outlets, deflationary pressures have emerged. I believe that China needs to cultivate emerging industries with high investment value to absorb the massive investments that were previously directed towards the real estate market
Interesting insight into contemporary China, Thks.
Yeah right. China's current GDP is 5% as of 2024 and rose 5.2% in 2023 of 17.52 US trillion dollars.
我不知道你们为什么会相信这个统计是真实地，中共最擅长的就是精心编制谎言
it is not real,what makes you trust ccp,they even do not have courage to face history
No investment in China.
Since when 5.2% growth for the second largest economy (the largest if measured by PPP) becomes definition of being economically weak? Europe growth is barely 1%. None sense
5.2%是假的，就2023年那状况哪来这么高的增长，我不知道你为什么会如此信任中国官方的统计，他们连真实的历史都不敢让中国人知道，他们编造很多谎言，我是中国人我比你更了解中国，中国今年的经济增长应该是-5.2%
Stunning piece.
They are going through what Canada went through in the early 80's! Sucks to be them!
This video contains too much false information... Many interviewees said they only translated certain sentences and distorted the facts. If I didn't understand Chinese, I would really be misled by this video.
THIS IS TURTLE 🐢 ISLAND ❤❤❤❤🎉🎉😊😊😊
They will be even more belligerent, as seen by their behavior against the Philippines, Vietnam, Taiwan, etc.